US EditionTrump offering Canadian aluminum and steel companies tariff relief if they move to U.S.
The offer gives immediate relief to steel and aluminum firms if they commit to shifting production to the United States, the administration said.
19 Articles
19 Articles
The US government published the scheme by which tariffs will be reduced from 50 to 25 percent for steel and aluminium producers in Mexico and Canada linked to medium and heavy vehicles and their auto parts.
A major crack appears in the shield of the Canada–United States–Mexico Agreement (ACEUM), which protected a majority of companies from the Trump administration's tariff offensives. To hear them, the White House seems to have managed to hit where it hurts.
The Mexican Institute for Competitiveness (IMCO) provided details about the conditions put in place by the United States to reduce tariffs on steel and aluminium for the automotive sector.According to IMCO, the U.S. Department of Commerce established clauses under which it opens the door to reducing tariffs on steel and aluminium from Mexico and Canada from 50 to 25%.
Canadian steel and aluminum companies can obtain tariff exemptions if they commit to moving to the United States.
The US government finally opened the door to reduce the tariff for steel and aluminum from Mexico and Canada destined for the heavy automotive industry, from 50 to 25 percent for shipments that meet a number of requirements. The measure, published in the Federal Register days after the visit of Jamieson Greer, US trade representative to Mexico, establishes the procedure that remained pending for months and that had prevented producers from acces…
Trump offers immediate tariff relief to Canadian aluminum and steel companies that commit to U.S. expansion
The Trump administration is now offering Canadian and Mexican aluminum and steel companies immediate tariff relief if they commit to moving production to the United States in the future.
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